Archive

The Forex markets continue like the psychotic half of its missing twin, to display some of the characteristics we have been covering recently. For proof take a look at the behaviour of the EUR/USD. This pair is one that most traders pay a lot of attention to and if you have been looking for more […]

The Forex markets were heavily weighted towards the late part of the previous week as far as momentum is concerned, and without a doubt the most interesting pair was the GBP/USD. This pair has been one that we have been looking to buy on the breakout, and we got that chance this past week – […]

The Forex markets had the non-farm payroll announcement to ponder over the course of the last week, and as a result there was a lot of action on Friday. The number came out much weaker than anticipated, causing a lot of chaos during the session. The EUR/USD pair shot higher, although a lot of the […]

The Forex markets this past week behaved erratically to say the least, because as per usual we would gotten the quiet trading in the middle of the week out of the way before a nonfarm payroll Friday announcement. However, since the US government is still in shutdown mode, there was no actual announcement. For this […]

The Forex markets were again somewhat benign when it came to direction over the last week, and was especially true in the EUR/USD pair. The market simply seems ready to sit at the 1.35 level, an area that has been attractive to traders time and time again. This “market memory” seems to be pretty well […]

The Forex markets had an interesting five sessions over the past week, as the Federal Reserve finally acknowledged that it was not going to taper off quantitative easing. As a result, we saw the US dollar get pummeled in the middle of the week. Interestingly it has had a little bit of a reprieve, mainly […]

This past week was one of the more important ones that we’ve seen in the Forex markets for a while. This is because of the nonfarm payroll number, which is the last number of any significance before the Federal Reserve makes its decision on whether they will gradually switch off the quantitative easing tap. Against […]

The Forex markets produced a couple of interesting candles last week, so we might have a couple of reasonable set ups in the short-term. The markets will watching the Federal Reserve like a hawk for any hint that tapering of quantitative easing during the month of September or October will happen. Unfortunately, that answer won’t […]

The Forex markets were a bit of a mixed bag over the last five sessions, as we enter what is essentially the most boring part of the year as the “big money” is away on holiday. Adding to that is the fact that the Federal Reserve is presently trying to decide what to do about […]

This past week in the Forex markets all continue to US dollar weakness, against many of the currency pairs that we track. One of the most significant breakouts has been in the gold markets, as the $1350 level has been such a nasty bit of resistance, which has now been broken. In fact, it should […]